Energy Ledger Inc. seeks to make ELX the standard software development platform for energy value trade on the blockchain. The goal and intent of creating this generalized crypto-commodity is to (i) create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of energy ledger elx crude oil through investment in the ecosystem. The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy Ledger Inc., William G. Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil. Backwardation means oil today is worth more than oil in the future.” (Salzman, A., 2020). With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units.
Live chart of Energy Ledger (ELX)
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- The live price of Energy Ledger is $0.107 per ELX/USD, with a current market cap of $– USD.
- Users can hold ELX assets by transferring funds from a crypto wallet to their Bitrue account or by purchasing through a DEX that supports ELX trading pairs.
- Smart contract process characteristics portend potential business process continuous improvement for supply chain processes.
- Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges.
The live price of Energy Ledger is $0.107 per ELX/USD, with a current market cap of $– USD. Energy Ledger has experienced a -6.1% change in the last 24 hours and a +42.26% change over the past 7 days, with a circulating supply of –. The Energy Ledger price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance.
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- The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy Ledger Inc., William G. Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil.
- The Energy Ledger price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
- Energy Ledger has experienced a -6.1% change in the last 24 hours and a +42.26% change over the past 7 days, with a circulating supply of –.
To check Energy Ledger’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Currently, Bitrue Exchange does not support fiat or ELX trading pairs to Buy Energy Ledger (ELX). Users can hold ELX assets by transferring funds from a crypto wallet to their Bitrue account or by purchasing through a DEX that supports ELX trading pairs. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
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Smart contract process characteristics portend potential business process continuous improvement for supply chain processes. The potential for supply chain business process improvements can be situated in blockchain information that may capture performance metrics in ledgers; linking them to agree upon processes (S. Saberi, M. Kouhizadeh, J. Sarkis & L. Shen., 2019). Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. Energy Ledger is a company and token seeking to provide an energy value trade platform on the blockchain for the management of oil from ground to barrel to distribution.